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- Indexed articles, last 90 days
- 10
- Latest publication
- Sep 16, 2026
- Outlet visibility, for DealStreetAsia
- Top 5M sites
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- Jul 21, 2026
Latest articles
ByteDance closes $290m fundraising for spun-off AI drug unit (opens the original)
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Chinese social media and internet company ByteDance has completed a $290 million fundraising for its AI drugmaking unit after spinning it off from the group, two people with knowledge of the matter said on Wednesday. Shanghai-headquartered Anew Labs, which uses AI for drug discovery, has achieved a valuation of $1.5 billion after its inaugural external fundraising, said one of the sources. The fundraising was led by HSG, formerly known as Sequoia China, IDG Capital and Hillhouse Investment, the
China's Z.AI secures $5 billion from new share, convertible bond sales (opens the original)
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Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a Hong Kong stock exchange filing on Sunday. Z.AI launched the sales on Friday, offering 21.97 million new Hong Kong shares at HK$714 ($91.05) each, a 10% discount to Friday’s closing price of HK$793. The company also raised 20.14 billion yuan ($3 billion) of zero-coupon bonds du
CVC said to be in final talks to buy EQT's Ginko China business (opens the original)
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CVC Capital Partners has entered final talks to buy the EQT-owned mainland China business of contact lens maker Ginko International, four people with knowledge of the matter said. A deal could value the business at $700 million to $800 million including debt, said one of the sources. EQT was targeting at least $1 billion, Reuters has reported. Financial terms have not been finalised and could change, and the talks may not result in a deal, said the people, who declined to be named as the informa
ByteDance secures nearly $30b loan in mega AI push (opens the original)
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ByteDance has secured a $29.6 billion loan from nearly 30 banks, three people with direct knowledge of the matter said on Friday, with the Chinese social media giant’s bet on AI development driving strong interest from lenders. The loan is the second-largest made in Asia this year after SoftBank raised $40 billion in March to boost OpenAI investments, underscoring lenders’ enthusiasm for the sector which demands ever-increasing capital. Chinese, U.S., European and Singaporean banks are participa
Optical equipment maker Ligent to launch $800m Hong Kong IPO this month (opens the original)
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Chinese optical communications equipment maker Ligent Technologies plans to launch its Hong Kong initial public offering as soon as September 14, aiming to raise around $800 million, two people with knowledge of the matter said. Ligent, controlled by Chinese technology conglomerate Hisense Group Holding, is targeting a valuation of about 28 billion yuan ($4.2 billion), one of the people said. The company could list in Hong Kong on September 22, the second person said. The offering size, valuatio
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